Published on 23 Mar 2023 on Zacks via Yahoo Finance
Honeywell International Inc. (HON) Is a Trending Stock: Facts to Know Before Betting on It
Honeywell International Inc. (HON) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this company have returned -4.3%, compared to the Zacks S&P 500 composite's -1.2% change. During this period, the Zacks Diversified Operations industry, which Honeywell International Inc. falls in, has lost 1.8%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.